Korean Actress bought crypto through fraud from her own company

South Korea's well-known actress Hwang Jung-eum has been caught in a major controversy. She has admitted in court that she misappropriated $3.1 million (₩4.34 billion) from her own company and used the money to invest in cryptocurrencies. Following this confession, she has been dropped from SBS Plus' reality show Because I'm Single and many brands have stopped their promotional campaigns with her. The case is not only creating a stir in the Korean Entertainment Industry, but is also raising questions about the risky investment of crypto.
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Confession in court and legal action

During a hearing at Jeju District Court last week, Hwang Jung-eum admitted that she misappropriated about $3 million from her family agency and invested it in cryptocurrencies. The prosecution has charged her under Korea's Act on the Aggravated Punishment of Specific Economic Crimes. Her former agency was a single-person company that only managed Hwang's career. Her lawyers argued that all of the company's earnings came from her personal acting income and that the money was technically hers, but legally that argument is still under scrutiny.

Removed from reality show and ad campaigns
As the case came to court, SBS Plus channel responded swiftly. All video clips and VCR segments of Hwang were removed from the final episode of the channel's reality show Because I'm Single. "She will not be appearing on today's episode and her comments as host will be toned down," the channel said in a statement. In addition, health brand Daesang Wellife Nucare has also removed its promotional videos and posters from social media. An online promotion event was also canceled citing "internal reasons."

Personal life in turmoil too
The controversy comes at a time when Hwang Jung-eum is already going through a tough time in her personal life. Her marriage is on the verge of collapse and divorce proceedings are ongoing. Her return to Because I'm Single was supposed to be a big comeback, but now this case could have a serious impact on her career. Her lawyer also said that she has so far paid a partial amount by selling some crypto assets and she plans to sell her real estate assets to pay the remaining amount. The next hearing of the case is scheduled in August. If you want to read similar cryptocurrency related news, then you can visit our Blockchain News section.

Conclusion
This controversy of Hwang Jung-eum's investment in crypto shows how wrong decisions made in greed for digital assets can harm an established career and public image. Her confession in court, distancing from brands, and removal from the show are all warnings of how important financial transactions and accountability have become in today's era. This case not only sheds light on the risks associated with crypto, but also raises an important question about the responsibilities of celebrities.